vested
March 21, 2019
<Research Report>M Stanley Lowers XIAOMI-W (01810.HK) TP to $15; Rated Overweight
Morgan Stanley trimmed XIAOMI-W (01810.HK)'s target from $20 to $15, reflecting weaker smartphone demand and macro impacts on ad revenue, which could suppress the stock price in near term.
The broker projected a 34% earnings CAGR for XIAOMI-W over 2018-21E.
The broker kept XIAOMI-W at Overweight, factoring in long-term internet service potentials if it reaps the fruits from diversified development.
Source: AAStocks Financial News